5701 W Roosevelt RD new Save Request In-Person Tour Request Virtual Tour
Cicero,IL 60804
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 15,547 sqft
Price per Sqft $135
MLS Listing ID 12319200
Maintenance Fees $99,999
Year Built 1928
Annual Tax Amount $37,525
Tax Year 2023
Lot Dimensions 125 X 60
Property Sub-Type Multi Family 5+
Property Description
This 18-unit mixed-use building offers a prime location in a high-demand area, ideal for investors seeking stable cash flow and long-term appreciation. Spanning approximately 15,547 square feet, the three-story masonry-constructed property features two street-facing commercial storefronts and 16 residential units, including six studios, six one-bedroom, and four two-bedroom apartments. With fourteen of the sixteen residential units already remodeled, minimal capital expenditure is required, providing immediate value to the next owner. The property boasts high occupancy rates, long-term retail tenants, and separate utilities for each unit, ensuring operational efficiency. Additionally, the sale includes an adjacent empty lot, offering significant development potential for expansion or new construction. Conveniently located just one mile from I-290, this asset offers excellent accessibility and is surrounded by a vibrant mix of residential, commercial, and industrial developments. Don't miss this opportunity to acquire a well-maintained, income-generating property with additional development upside in a thriving suburban market.
Location
State IL
County Cook
Area Cicero
Zoning MULTI
Rooms
Basement Cellar
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Utilities Available Water to Site
Roof Type Rubber
Building
Dwelling Type Multi Family 5+
Level or Stories 3
Structure Type Brick